NSE:BALKRISIND   BALKRISHNA INDS
RSI Divergence Sharing for study purpose only.

BalkrishnaINd Making Lower lows on charts.
For early indication, we go down on Hourly charts.

As prices are moving down RSI is not making Lower Lows. (Marked with red arrow)

You can check on the lower time frame also on 15 min/ 5min charts.
It's an accumulation zone for the stock which can give a good up move in few days.

SL stays if RSI breaks the pattern and makes a new low or support zone break.
IF you can observe it's not breaking the RSI level of 40 on daily charts .
Which can also give us buy for Grand Father, Father and son strategy.

Keep watching the stock and keep learning.



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